Hello, can anyone explain if i have to stay in a property for a certain amount of time to avoid paying CGT? Im rennovating and hoping for a quick turnaround but am now unsure if this is possible. Thanks in advance!
If the property is your main place of residence and you sell it for a profit then that is exempt. If however you live else where and rennovate properties for income then it is taxable. The time in between is irrelevant in this context.